Navan housing site near town centre for €2m

Well-located development opportunity has planning permission for 19 detached houses

The Navan site’s planning permission provides for 12 four-bedroom homes and seven five-bedroom units, many of them with garages and studies
The Navan site’s planning permission provides for 12 four-bedroom homes and seven five-bedroom units, many of them with garages and studies

With Navan showing signs of expanding again as a dormitory town, there is likely to be competitive bidding for a well-located housing site on the outskirts of the town with planning permission for 19 detached houses.

Joint agents Sherry Fitzgerald Reilly and Cushman & Wakefield are guiding €2 million for the site of 1.52 hectares (3.75 acres) at Kentstown Road, within a short walk of the town centre.

The planning permission, valid until October 2017, provides for 12 four-bedroom homes and seven five-bedroom units, many of them with garages and studies.

Navan expanded rapidly before the economic recession and while new house values took a hit in the crash they have largely recovered since then because of the limited supply available and the ever-increasing number of families happy to avail of the M3 motorway, reducing the commuting time from the city to about half an hour.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times